CN has signed a contract with COSCO Container Lines Americas, under which COSCO will become the first steamship company to route Asian freight over the new Port of Prince Rupert container terminal and CN's North American rail network. The service is expected to begin in fourth-quarter 2007.
"CN is delighted to have COSCO as its first customer to call on the Prince Rupert container terminal, a new North American gateway for Asian trade," says James M. Foote, CN's executive vice president, sales and marketing. "Our partnership with COSCO, and Prince Rupert container terminal operator Maher Terminals of Canada Corporation, is clear recognition of the competitive advantages of the new port facility and CN's rail network reach and superior service offering. The Rupert-CN-Maher combination will inject meaningful port-rail-terminal capacity into the global supply chain, and will offer shippers the fastest, most efficient and most cost-effective routing for Asian traffic destined to and from the interior of North America."
